Britain’s fintech firms are on track to raise record investment this year, signalling sector strength despite fears over Brexit’s effect on the economy.

More than $1.3 billion (£1 billion ) has streamed into UK-based fintech companies since the referendum vote, with $1.05 billion (£825.2 million) having been invested since January alone.

That is nearly double the amount raised during the same period – January to September – in 2016, and is more than 17% higher than the previous record of $896.45 million (£588 million) raised over that time in 2015, according to figures released by The Mayor of London’s official promotional agency London and Partners.

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It has put the UK within the top three global fintech hubs, behind the US which raised $4.8 billion (£3.6 billion ) between January and September, and China which saw the sector’s firms raise $1.4 billion (£1 billion).

London’s deputy mayor for business, Rajesh Agrawal, said: “London remains a world leader in fintech and the companies on this trade delegation are at the forefront of developing cutting edge financial technologies.

“The fact that we have seen over £1 billion worth of venture capital investment into London fintech companies since the EU referendum vote offers further proof that global investors still believe London will remain a leading fintech hub for many years to come.”